Trinity Street Asset Management

Richard Bruce, the firm's founder and CIO, leads investment decisions on the flagship global equity strategy. He established Trinity Street in 2007 after a career at Newton Investment Management, where he managed global equity portfolios. Bruce works alongside a small team of partners, including portfolio manager Jack Scott, in a flat, research-driven structure.

The portfolio typically holds between 30 and 45 names at any given time, which is meaningfully more concentrated than a standard global equity fund that might hold 60 to 100 stocks. This concentration reflects the firm's willingness to take high-conviction positions in businesses it knows deeply, rather than diluting returns through over-diversification.

No. Trinity Street runs a single concentrated global equity strategy and has not launched additional asset-class products or branched into fixed income, private markets, or multi-asset funds. The firm views strategy proliferation as a distraction from its core research edge.

Yes, Trinity Street is structured as an employee-owned partnership. This aligns the investment team's long-term incentives with client outcomes and has helped the firm maintain a stable, low-turnover culture since its founding in 2007.

The firm looks for dominant, cash-generative franchises with durable competitive advantages and management teams that allocate capital intelligently. Public regulatory filings show positions in businesses such as Microsoft, Alphabet, and LVMH — large-cap, globally scaled companies with strong moats and recurring revenue characteristics.

Trinity Street invests solely through direct, publicly listed equity positions. The firm does not commit capital to external funds, does not run a fund-of-funds, and has not extended into private equity or venture capital co-investments.

In September 2023, the firm launched a Dublin-domiciled UCITS vehicle called the Trinity Street Global Equity Fund. This structure makes the concentrated global equity strategy more accessible to institutional and wholesale investors across Europe, without altering the underlying portfolio management process (per the firm's official communications).